Question

Simple interest formula​

Answer 1

Answer:

SI=Principle×Rate×Time/100

For better understanding see the above attachment...

Answer 2

Simple Interest = $\frac {P \times R \times T}{100}$

Step-by-step explanation:

• Let P be the Principal in rupees deposited in any firm (Let's say in a Bank, Finance office or insurance company)

for a rate of Interest 'R' yearly and time of deposition 'T' years.

Then,

• Simple Interest will be (S.I) = Ratio of (Product of Principal, Rate of Interest and Time of Deposition) and 100

$SI = \frac {P \times R \times T}{100}$